Question 1

How is 513 Martina Way priced compared to similar homes in Diver Lake?

Accepted Answer

At about $397 per square foot, 513 Martina Way is in line with the $384/sq ft median for single-family homes currently for sale in Diver Lake (14 comparable listings). Price per square foot compares homes of different sizes fairly. Market context is computed from MLS® data and municipal records; please verify independently before relying on it.

Question 2

What is the price per square foot at 513 Martina Way?

Accepted Answer

Approximately $397 per square foot ($975,000 over 2,454 sq ft). Market context is computed from MLS® data and municipal records; please verify independently before relying on it.

Question 3

How long has 513 Martina Way been on the market?

Accepted Answer

513 Martina Way has been listed for 42 days. The average for single-family homes in Diver Lake is about 28 days. Market context is computed from MLS® data and municipal records; please verify independently before relying on it.

Question 4

How quickly do homes sell in Diver Lake?

Accepted Answer

Homes like this in Diver Lake currently average about 28 days on the market (based on 14 comparable listings). Market context is computed from MLS® data and municipal records; please verify independently before relying on it.

Question 5

What is the zoning at 513 Martina Way?

Accepted Answer

513 Martina Way is zoned R5 (Three And Four Unit Residential), designated Suburban Neighbourhood in the City's Official Community Plan, per City of Nanaimo records. Zoning governs permitted uses — confirm specifics with the City before relying on it. Contains information licenced under the Open Government Licence – Nanaimo.

Question 6

What parks are near 513 Martina Way?

Accepted Answer

There are 15 parks within a kilometre of 513 Martina Way. Within a short walk you'll find Camcrest Park, Jasmine to Camcrest Trail and Northfield Nature Park. It's also close to Millstone River. Contains information licenced under the Open Government Licence – Nanaimo.

Question 7

Tell me about Northfield Nature Park near 513 Martina Way.

Accepted Answer

Northfield Nature Park (about 2.5 ha), at 2667  Starlight Trail, is one of the parks near this home. Northfield Nature Park is network of trails that connects a series of subdivisions running parallel to the Parkway Highway (Highway 1).  The trails are popular with residents for dog walking and trail riding. Contains information licenced under the Open Government Licence – Nanaimo.

Question 8

Is there any development activity near 513 Martina Way?

Accepted Answer

The City of Nanaimo currently lists 2 active development or rezoning applications in the area. Nearby development can affect views, traffic, and future value — worth reviewing before you buy. Contains information licenced under the Open Government Licence – Nanaimo.

Question 9

What do strata fees at 513 Martina Way cover?

Accepted Answer

Strata fees generally cover shared expenses such as building insurance, common-area maintenance, landscaping, and contributions to the contingency reserve fund. The exact inclusions are in this strata's budget and bylaws — review the Form B, depreciation report, meeting minutes, and bylaws before buying. Your REALTOR® can order these documents for you. Verify details against the strata's own documents.

Question 10

What should I review before buying into a strata?

Accepted Answer

The key documents are the depreciation report (what major repairs are coming and how they're funded), two years of meeting minutes, the bylaws (pets, age restrictions), the Form B Information Certificate, and the strata's insurance summary. In BC, most strata rental restrictions were removed in 2022, but other bylaws still apply. Verify details against the strata's own documents.

Question 11

Is the suite at 513 Martina Way legal?

Accepted Answer

The MLS® listing describes the suite at 513 Martina Way as a legal suite, meaning it has been permitted and inspected by the municipality as a separate dwelling. Legal status is a municipal record — your REALTOR® can help confirm the permit history with the City before you rely on it.

Question 12

What is the difference between a legal suite and an in-law suite?

Accepted Answer

A legal secondary suite has been permitted and inspected by the municipality and meets building-code requirements for a separate dwelling — it can generally be rented out, and lenders may count its income toward mortgage qualification. An in-law or unauthorized suite hasn't been through that process; many function well, but the city can require upgrades and lenders may treat the income differently. If the suite matters to your plans, confirm its status with the City and your lender.

513 Martina Way, Nanaimo BC V9T 0E2

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